Cashman, George D.; Gillan, Stuart L.; Jun, Chulhee - In: Journal of Banking & Finance 36 (2012) 12, pp. 3248-3259
The literature disagrees on the link between so-called busy boards (where many independent directors hold multiple board seats) and firm performance. Some argue that busyness certifies a director’s ability and that such directors are value enhancing. Others argue that “over-boarded”...